This plot for sale in Olhos de Água, Albufeira, is priced at €13,900,000 and comes with an approved project for the construction of a 4-Star aparthotel, just 2km from the nearest beach. With a total area of 60,125m², it allows for a significant construction area of 19,800m² along with 4,800m² designated for a basement. This investment opportunity is perfect for developers looking to tap into the thriving tourism sector in the Algarve, a region renowned for its beautiful beaches and vibrant lifestyle. The approved project permits the creation of up to 150 units across two storeys, catering to the growing demand for quality accommodation in this popular area. The proximity to local golf courses and Faro Airport, located just 32km away, enhances this plot's investment appeal. Investors can leverage the robust tourism infrastructure, securing high rental potential from holidaymakers year-round. Don't miss your chance to invest in a prime piece of commercial real estate in a booming market. The area is not only desirable for its natural beauty but also for its convenience and accessibility. For serious buyers looking for profitable ventures in the Algarve, this plot is an exceptional choice. Contact us now to learn more about this promising investment!
Usage
Commercial
Type
Plot
Town
Olhos de Água
Parish
Albufeira e Olhos de Água
Municipality
Albufeira, Faro
Region
Algarve (Central)
Plot Area
60.125 m²
● Distance to the nearest beach 2 km
● The price includes the plot and the approved project but not the construction of the building
This plot has an approved project proposing the implantation of a 4 Star aparthotel for touristic use.
The total plot area has 60,125m² with a construction area of 19.800m² plus 4.800m² of basement area.
The approved construction of the buildings permits a maximum of 2 storeys and 150 units.
Location
• Distance to the nearest beach - 2 kms
• Distance to Faro airport - 32 kms
• Distance to Golf - 3 kms
• Distance to Olhos de Água - 2,5 kms
• Distance to Albufeira - 7 kms
